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This employment agreement involves . An employment contract is an agreement entered into between an employer and an employee which describes the nature of their business relationship. This includes a discussion of roles and responsibilities, compensation etc. An employment contract serves a number of beneficial purposes. It provides the employee with the basic conditions of their employment including basic duties, salary, and benefits. The agreement also protects the employer by stating the employer's expectations for the employee and grounds for termination.

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08/05/09
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Employment Agreement, Healthcare Facilities Employment Agreeme..., HEALTH Employment Agreement

Employment Agreement

Exhibit 10.8.1 AMENDMENT TO EMPLOYMENT AGREEMENT THIS AMENDMENT TO EMPLOYMENT AGREEMENT (“Amendment”) is made this 21 st day of November, 2000, by and between DFW 5.01 (a) Corporation, a Texas not for profit corporation certified to practice medicine by the Texas Board of Medicine pursuant to Section 5.01(a) of the Texas Medical Practices Act d/b/a AmeriPath Dallas (the “Company”) and Stephen W. Aldred, M.D. (the “Employee”). WITNESSETH WHEREAS, the Company and the Employee entered into an Employment Agreement dated September 2, 1997 (the “Agreement”); and WHEREAS, Employee’s employment with the Company expires under the Agreement on September 2, 2002 (the “Initial Term”); and WHEREAS, the Company and the Employee wish to extend the Term and amend other provisions of the Agreement, effective January 1, 2001; NOW, THEREFORE, in consideration of the Employee’s continued employment, the consideration set forth herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and the Employee agree as follows: 1. Recitals. The foregoing recitals are true and correct and are incorporated herein by this reference. 2. Signing & Retention Bonus. Upon and as consideration for the Employee’s execution of this Amendment, including its Non-Competition and Non-Solicitation provisions, and his continuing employment with the Company, the Company shall pay the Employee the sum of Two Hundred Fifty Thousand Dollars ($250,000). 3. Salary and Benefits. Section 7 of the Agreement is amended to read: During the term of Employee’s employment under this Agreement and in consideration for all services rendered for and on behalf of the Company, Employee shall be entitled to a compensation package consisting of the following: (a) a base salary at the annual rate of Two Hundred Fifty Thousand Dollars ($250,000) from January 1, 2001 through December 31, 2001, payable in accordance with the Company’s regular payroll practices in effect from time to time; (b) a base salary at the annual rate of Three Hundred Thousand Dollars ($300,000) from January 1, 2002 through December 31, 2002, payable in accordance with the Company’s regular payroll practices in effect from time to time; (c) a base salary at the annual rate of Three Hundred Fifty Thousand Dollars ($350,000) from January 1, 2003, payable in accordance with the Company’s regular payroll practices in effect from time to time. Employee’s base salary will thereafter be subject to periodic review by the Company’s Board of Directors, and the Company may adjust the Employee’s base salary from time to time; (d) participation in the Company’s Annual Bonus Plan (as hereinafter defined); and (e) fringe benefits comparable to those which the Company provides to other physician employees having tenure, experience, specialties, responsibilities, educational background and other qualifications similar to those of the Employee. 4. Annual Bonus. a) In consideration for Employee’s continued employment with the Company, the Employee shall be eligible for an annual bonus in an amount of fifteen percent (15%) of the Employee’s base salary (as defined herein)(the “Bonus”). Notwithstanding the foregoing, in the event that the Goals are either exceeded or not fully achieved for a Bonus Period, the Employee may be eligible to receive a Bonus Payment in an amount in excess of or less than fifteen percent (15%) of the Employee’s Base Salary. The Bonus may be changed at the sole discretion of the Chief Executive Officer of AmeriPath. The Bonus shall be based upon the Employee’s successful achievement of goals that are established in advance and mutually agreed upon